martin currie gem fund opens to investors

Martin Currie’s newly-launched Global Emerging Markets Sicav is now open to UK investors.

martin currie gem fund opens to investors
1 minute

The fund, which is managed by Kim Catechis and co-managers Alastair Reynolds and Divya Mathur is a 40-60 stock multi-cap portfolio of best investment ideas from the firm.

It is unconstrained at a country and sector level, but its benchmark is the MSCI Emerging Markets index.

Martin Currie said the managers of the fund are supported by its GEM team, members of which are fluent in many of the EM languages, which enables them to gain useful insights into the culture, political and economic climate of the countries they visit.

Kim Catechis, head of the GEM team, said: "We believe despite the current global economic headwinds, the long-term investment case for emerging market equities remains entirely intact – and the opportunity set remains vast. Our focus continues to be on individual companies with distinct competitive advantages, resilient balance sheets and well-founded growth.

"Developing countries such as China, Brazil and India do face an on-going battle to balance growth, inflation and credit availability, and the market has clearly taken a more bearish stance lately. But in reality there has been very little change in fundamentals, and this is reflected in our investment positioning."

Catechis and his entire team joined Martin Currie in 2010 from Scottish Widows Investment Partnership.

In its first year at Martin Currie, the GEM team’s strategy is ranked in the first quartile, having outperformed both its peer group and benchmark, according to Andy Sowerby director of sales for the firm.

The fund’s AMC is 1.5% and it is registered for sale in the UK, across Europe and in Hong Kong. It is also available in US dollar, sterling and euro share classes.

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